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Today's Signal GREEN LIGHT |
I am giving us the green light as the market wants to rally here. We do need to clear our first resistance level to get our next leg higher.
Signal by Licia Leslie
| GREEN TODAY: High probability of the market moving higher. |
| YELLOW: Be cautious when making a directional trade. |
| RED: High likelihood of the market dropping. |
Today's Levels
S&P Futures Key Levels · Wednesday, August 26 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 7,780.25 |
| Resistance 1 | 7,713.75 |
| Premarket Price | 7,701.00 |
| Support 1 | 7,629.75 |
| Support 2 | 7,593.00 |
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Once we clear 7713.75 we will get this rally going.
How to Use Today's Levels
Red = resistance: watch for price to stall or reverse; a clean break above is bullish.
Green = support: watch for price to hold or bounce; a break below is bearish.
The center row is the premarket reference point for the session. Trade in the direction of today's signal.
The Number
+4,080%
An SPX 7,455 put that expired Tuesday, August 25 opened at $0.05. By the high of the day it traded at $2.09, a $204 gain per contract (4,080%) for traders who caught the move.
Volume Anomaly
SPX 0DTE Volume: 2.2M Contracts
0DTE SPX volume on Tuesday, August 25 came in at 2.2M contracts, roughly 15% below the 20-day average of 2.6M. Call and put activity were roughly balanced, with 1.1M calls vs 1.1M puts. The heaviest call volume concentrated at the 7,675, 7,670, 7,680 strikes. On the put side, the 7,665, 7,670, 7,660 strikes saw the most action. The put/call ratio finished at 0.95, a fairly neutral read from the options market.
Editor's Note
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Licia Leslie 0DTE Analyst, Option Pit |
Continue to watch yields, crude and the QQQs.
Yesterday's Close
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SPX 7,677.28 +0.32% |
VIX 15.45 -2.52% |
SPY 765.91 +0.32% |
QQQ 710.72 +0.62% |